경영과학과가 주관하는 Global Seminar에 여러분을 초대합니다.
Department of Management Science cordially invites you to attend
"The emergence of systemic risk in financial networks“
Speaker : Dr. Stefano Battiston
Chair of Complex Systems Design
ETH Zurich Switzerland
(Swiss Federal Institute of Technology Zurich)
Date: 11월 2일(수) 14:00/2nd of November(Wed.) 14:00
Venue : 동문창업관(N22) 이민화홀/Lee Minhwa Hall(#103), Alumni Venture B/D
The talk will cover several recent and related works carried out in our group on the emergence of systemic risk in financial networks.
I first introduce a simplified continuous-time dynamics of financial robustness of banks in a network of obligations. This incorporates the interdependence among banks and the trend-reinforcement, i.e., the tendency of negative shocks to robustness to generate persistent adverse effect in time. I then introduce a non-linear dynamics of financial fragility, which is derived in a microfounded way from a balance-sheet approach . For both frameworks I discuss the results concerning the impact of the topology of the network on systemic risk, also in light of recent empirical results on global networks and multi-agent models of geographical propagation of distress .
경영과학과학과장 최문기/ IT경영 연구소장 이덕희 배상